bharath gowda created FINERACT-1746:
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Summary: Random Installments Generation Issue
Key: FINERACT-1746
URL: https://issues.apache.org/jira/browse/FINERACT-1746
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.7.0
Reporter: bharath gowda
Attachments: after.png, before.png, last installment issue.png, loan
product.png
In an interest recalculation enabled loan, we are noticing the EMI of the last
installment is going wrong for the following scenario
To reproduce
# Create the loan product as per the config attached
# Have working day configured from Monday to Friday with "move to next working
day"
# Create a loan account and disburse with the following parameters
## Disbursement date: 28 January 2022
## First Repayment date: 1 March 2022
## amount: 1000
## repayment: 12 every 1 month
## interest rate 23.9 per annum (which will get you an EMI 94.35
## Now make the repayments in the following order
### 01-March-2022 - 94.35
### 01-April-2022 - 94.35
### 03-May-2022 - 94.35
### 01-June-2022 - 94.35
### 01-July-2022 - 94.35
### 01-August-2022 - 94.35
## Now check the repayment schedule & EMI
### The whole Installments would be wrong
### The last installment amount will be showing the wrong amount.
# Check the schedule screenshot for examples
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